Magnadata secures £24m UK rail ticket contract
Lincolnshire based Magnadata International, a division of Magnadata Group Ltd, has been awarded a five year contract by ATOC (Association of Train Operating Companies) to produce the iconic orange magnetic rail ticket and associated products for all the UK Train Operating Companies.
Boston, Lincolnshire, UK, 18th August 2010 – Magnadata International is one of the world’s largest suppliers of passenger transport ticketing, whose customers include New York Metro, Dublin Bus, Valencia Metro, Sydney Rail and London Underground. This additional contract will help increase Group turnover to circa £34 million per year.
Magnadata was the first company to develop magnetic stripe ticket technology for British Rail which was recognised by being awarded the Queen’s Award for Technology in 1987.
Stephen Green, Head of Operations at RSP said, “Following a competitive process run strictly under European Union procurement rules, the ticketing contract has now been awarded to Magnadata. They are an experienced magnetic ticket supplier and we are confident our partnership will provide rail passengers with the best value for money”.
The contract with ATOC is for the supply of approximately 750 million magnetic striped tickets per annum which will be distributed to over 2500 rail stations throughout the UK.
All products will be manufactured in Boston, Lincolnshire, where 220 people are employed at one of the largest ticketing and labelling printing companies in the UK.
Each ticket has a magnetic stripe applied to the surface which carries data that enables passengers to use automated barriers at stations.
John Wise, Divisional Director at Magnadata International said “We are delighted that we have been awarded this major UK contract which helps to consolidate and expand our existing business. It also complements our future investment programme in terms of magnetic and RFID product development.
About Magnadata Group Ltd
Magnadata Group Ltd, based in the UK, incorporates Magnadata International Ltd, Magnadata Inc, Magnadata PTY and Norprint Ltd. Collectively they form one of the largest magnetic/smart (RFID) ticket and labelling solutions companies in Europe.